This Single-Family Tax Lien is located at E Monroe St, Altona, IL 61414. This property is Tax Lien with an estimated market value of $41,480.
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This single-family property is available as a tax lien at E Monroe St. Based on our analysis of the current market conditions in Altona for E Monroe St and comparable listings, the estimated market value is $41,480. If purchased for rental purposes, the monthly rental rate could range between $720 and $881. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at E Monroe St are updated daily along with others in Altona, Illinois.
Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
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There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for E Monroe St located in Altona, IL is $800/month. Comparable homes around E Monroe St that are rentals have monthly ranges starting as low as $720 per month and as high as $881 per month. An owner looking to use this property as an investment could bring a return in the area of $720 - $881 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
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